NonprofitsWorcester Academy

Education

Worcester Academy

WORCESTER, MA

Total revenue

$36.7M

Total expenses

$33.1M

Net assets

$138.2M

Grants received

$7.3M

149 grants

EIN

042105855

Tax year

2023

Mission

Operation of an independent college preparatory school for students in grades 6 - 12 and postgraduates dedicated to promoting self-development and education.

Programs

1 program

Summer programs benefiting students ages 7 - 14.

Expenses: $142K

Financials

FY 2023

Revenue

Contributions & grants$5.3M
Program service revenue$27.2M
Investment income$4.1M
Other revenue$145K
Total revenue$36.7M

Expenses

Grants paid$7.2M
Salaries & benefits$14.0M
Fundraising$1.5M
Other expenses$11.7M
Total expenses$33.1M
Total assets$159.4M
Net assets$138.2M

People

28 listed

NameRoleCompensation

KEVIN BREEN

HEAD OF SCHOOL

Board

$346K

40 hrs/wk

ELIZABETH BUDZINSKI

CHIEF FINANCIAL OFFICER

Board

$153K

40 hrs/wk

DOUGLAS POSKITT

DEAN OF FACULTY

Board

$131K

40 hrs/wk

DR DANIEL R APELIAN

TRUSTEE

Board

2 hrs/wk

DR JORDAN EISENSTOCK

TRUSTEE

Board

2 hrs/wk

MEG O'LEARY

PRESIDENT

Board

2 hrs/wk

LAWRENCE A GORDON

VICE PRESIDENT

Board

2 hrs/wk

JONATHAN STUART

TREASURER

Board

2 hrs/wk

LUKE VAILLANCOURT

TRUSTEE

Board

2 hrs/wk

EVA NAZAREWICZ

TRUSTEE

Board

2 hrs/wk

CANAAN SEVERIN

TRUSTEE

Board

2 hrs/wk

DANIEL R BONNETTE

TRUSTEE

Board

2 hrs/wk

CAROLINE REICH

SECRETARY

Board

2 hrs/wk

PETER CRONIN

TRUSTEE

Board

2 hrs/wk

WILLIAM HADDAD

TRUSTEE

Board

2 hrs/wk

SARAH A COLLINS

TRUSTEE

Board

2 hrs/wk

MICHAL GRABIAS

TRUSTEE

Board

2 hrs/wk

HENRY DORMITZER III

TRUSTEE

Board

2 hrs/wk

MICHAEL J MANGAUDIS

TRUSTEE

Board

2 hrs/wk

DR TRENT MASIKI

TRUSTEE

Board

2 hrs/wk

DR MICHAEL T SHANNON

TRUSTEE

Board

2 hrs/wk

COURTNEY N CARR ESQ

TRUSTEE

Board

2 hrs/wk

WAI YAN RONALD CHAN

TRUSTEE

Board

2 hrs/wk

DR MARLA E ABODEELY

TRUSTEE

Board

2 hrs/wk

MICHAEL J O'NEIL JR

TREASURER

Board

2 hrs/wk

NORA BROOKS

TRUSTEE

Board

2 hrs/wk

JENNIFER DIFRANCO

DIRECTOR OF ADVANCEMENT

Staff

$179K

40 hrs/wk

MARNIE KUT

ASSOCIATE HEAD OF SCHOOL

Staff

$171K

40 hrs/wk

Independent contractors

STANMAR INC

DESIGN AND BUILD

$5.9M

SAGE DINING SERVICES INC

DINING ROOM SERVICES

$1.5M

METRO CRIME PREVENTION

SECURITY SERVICE

$577K

COMPASS FACILITY SERVICES

FACILITIES

$572K

COMMUNITY COUNSELING SERVICES CO LLC

CAMPAIGN CONSULTING

$288K

Grants received

Showing 149 of 149

FromAmountPurposeYear
$105K
ORGANIZATION SUPPORT
2024
$75K
UNRESTRICTED GENERAL SUPPORT
2024
$43K
PROVIDE EDUCATIONAL
2024
$40K
EDUCATIONAL PURPOSES
2024
$25K
UNRESTRICTED GENERAL
2024
$12K
GENERAL PURPOSES
2024
$8K
Head of School Discretionary Fund
2024
$5K
FURTHER TAX EXEMPT PURPOSE
2024
$1K
GENERAL SUPPORT
2024
$146
EMPLOYEE MATCHING
2024
$750K
TO FURTHER EDUCATION
2023
$427K
For grant recipient's exempt purposes
2023
$105K
ORGANIZATION SUPPORT
2023
$50K
General Charitable Purposes
2023
$40K
ELEMENTARY & SECONDARY SCHOOLS
2023
$40K
SUPPORT FOR THE WORCESTER SCHOLARSHIP PROGRAM
2023
$35K
EDUCATIONAL PURPOSES
2023
$33K
GENERAL OPERATING
2023
$31K
PROVIDE EDUCATIONAL
2023
$25K
UNRESTRICTED GENERAL
2023
$18K
GENERAL PURPOSES
2023
$10K
EMPLOYEE MATCHING
2023
$10K
MCKEE SCHOLARSHIP FUND
2023
$7K
General & Unrestricted
2023
$6K
SUPPORT FOR VARIOUS EDUCATIONAL PROGRAMS.
2023
$3K
GENERAL SUPPORT
2023
$2K
ORGANIZATION SUPPORT
2023
$1K
GENERAL FUNDING
2023
$1K
FIDELITY MATCHING GIFTS TO EDUCATION
2023
$800
MATCHING GIFTS
2023
$500
ENABLE DONEE TO CONTINUE EXEMPT FUNCTION
2023
$350
FIDELITY MATCHING GIFTS TO EDUCATION
2023
$200
MATCHING GIFTS
2023
$100
CHARITABLE
2023
$100
ENABLE DONEE TO CONTINUE EXEMPT FUNCTION
2023
$493K
For grant recipient's exempt purposes
2022
$48K
PROVIDE EDUCATIONAL
2022
$41K
GENERAL OPERATING
2022
$35K
SUPPORT FOR THE NEIGHBORHOOD SCHOLARSHIP PROGRAM
2022
$35K
EDUCATIONAL PURPOSES
2022
$30K
CHARITABLE
2022
$20K
UNRESTRICTED GENERAL
2022
$20K
MAINE SCHOLARSHIP FUND
2022
$15K
GENERAL PURPOSES
2022
$10K
NEIGHBORHOOD SCHOLARSHIP
2022
$10K
GENERAL SUPPORT
2022
$6K
General & Unrestricted
2022
$5K
EMPLOYEE MATCHING
2022
$5K
MATCHING GIFTS TO EDUCATION
2022
$3K
GENERAL SUPPORT
2022
$3K
MATCHING GIFTS TO EDUCATION
2022
$2K
GENERAL SUPPORT
2022
$1K
GENERAL FUNDING
2022
$1K
SUPPORT FOR VARIOUS EDUCATIONAL PROGRAMS.
2022
$1K
MATCHING GIFTS TO EDUCATION
2022
$500
ENABLE DONEE TO CONTINUE EXEMPT FUNCTION
2022
$100
GENERAL SUPPORT
2022
$43
General & Unrestricted
2022
$504K
For grant recipient's exempt purposes
2021
$504K
For grant recipient's exempt purposes
2021
$42K
PROVIDE EDUCATIONAL
2021
$41K
GENERAL OPERATING
2021
$30K
UNRESTRICTED GENERAL
2021
$30K
GENERAL SUPPORT
2021
$20K
SCHOLARSHIP PROGRAM
2021
$17K
GENERAL PURPOSES
2021
$10K
GENERAL SUPPORT
2021
$10K
NEIGHBORHOOD SCHOLARS
2021
$6K
General & Unrestricted
2021
$5K
EDUCATION
2021
$3K
GENERAL SUPPORT
2021
$1K
SUPPORT FOR VARIOUS EDUCATIONAL PROGRAMS.
2021
$500
ENABLE DONEE TO CONTINUE EXEMPT FUNCTION
2021
$175K
For grant recipient's exempt purposes
2020
$42K
PROVIDE EDUCATIONAL
2020
$38K
CHAPIN RILEY SCHOLARSHIP
2020
$36K
GENERAL OPERATING PURPOSES
2020
$33K
UNRESTRICTED GENERAL
2020
$30K
GENERAL SUPPORT
2020
$30K
ORGANIZATION SUPPORT
2020
$30K
EDUCATIONAL PURPOSES
2020
$25K
General Charitable Purposes
2020
$25K
SUPPORT FOR THE NEIGHBORHOOD SCHOLARSHIP PROGRAM
2020
$20K
SCHOLARSHIP PROGRAM
2020
$15K
GENERAL PURPOSES
2020
$10K
NEIGHBORHOOD SCHOLARSHIP PROGRAM
2020
$10K
CHARITABLE
2020
$10K
GENERAL SUPPORT
2020
$7K
General & Unrestricted
2020
$5K
EDUCATION
2020
$5K
SUPPORT FOR VARIOUS EDUCATIONAL PROGRAMS.
2020
$5K
EDUCATION
2020
$5K
EDUCATION
2020
$3K
EDUCATION
2020
$3K
EDUCATION
2020
$3K
GENERAL SUPPORT
2020
$3K
EMPLOYEE MATCHING
2020
$1K
EDUCATION
2020
$500
ENABLE DONEE TO CONTINUE EXEMPT FUNCTION
2020
$500
EDUCATION
2020
$300
EDUCATION
2020
$200
EDUCATION
2020
$95K
For grant recipient's exempt purposes
2019
$50K
Charitable Donation
2019
$38K
CHAPIN RILEY SCHOLARSHIP
2019
$36K
GENERAL OPERATING PURPOSES
2019
$10K
GENERAL SUPPORT
2019
$100
BARBARA GOULD ENDOWED FUND
2019
$61K
For grant recipient's exempt purposes
2018
$40K
PROVIDE EDUCATIONAL
2018
$30K
EDUCATIONAL PURPOSES
2018
$10K
CHARITABLE
2018
$8K
General & Unrestricted
2018
$5K
SUPPORT FOR VARIOUS EDUCATIONAL PROGRAMS.
2018
$3K
GENERAL SUPPORT
2018
$1K
Matching Grant
2018
$500
PROGRAM/OPERATING SUPPORT
2018
$150
CHARITABLE
2018
$62K
FOR GRANT RECIPIENT'S EXEMPT PURPOSES
2017

Funded by

$7.3M from 43 funders · 149 grants · 2017–2024

Fidelity Investments Charitable Gift Fund

$2.3M · 8 grants · 2017–2023

National Philanthropic Trust

$2.1M · 2 grants · 2019–2023

The George I Alden Trust

$750K · 1 grant · 2023

Wilson For Worcester Academy

$246K · 6 grants · 2018–2024

Carol And Alan J Bernon Family

$240K · 3 grants · 2020–2024

Greater Worcester Community Foundation

$201K · 12 grants · 2019–2024

Willock C Jr-Willock Mem Fd

$186K · 5 grants · 2019–2023

The Progin Foundation

$170K · 5 grants · 2018–2024

Details

EIN042105855
NTEE codeB200
Subsection03
Ruling date1935-04
Formed1834
Employees260
Volunteers0
WORCESTER ACADEMY — Mission, Financials & Grants Received | Grantivo